ASML (NASDAQ:ASML) Sees Large Volume Increase – Should You Buy?

Shares of ASML Holding (NASDAQ:ASML) saw unusually-high trading volume on Monday . Approximately 1,735,663 shares were traded during trading, an increase of 9% from the previous session’s volume of 1,588,746 shares.The stock last traded at $682.73 and had previously closed at $732.25.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ASML shares. JPMorgan Chase & Co. lowered their price target on shares of ASML from $1,207.00 to $1,148.00 and set an “overweight” rating on the stock in a report on Thursday, October 17th. Susquehanna decreased their target price on ASML from $1,300.00 to $1,100.00 and set a “positive” rating on the stock in a research report on Friday, October 11th. Berenberg Bank raised ASML to a “strong-buy” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company boosted their price target on ASML from $790.00 to $860.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Finally, Sanford C. Bernstein decreased their target price on shares of ASML from $815.00 to $767.00 and set an “outperform” rating for the company in a research report on Friday, November 29th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, ASML has a consensus rating of “Moderate Buy” and a consensus target price of $946.60.

ASML Price Performance

The company has a 50-day moving average of $714.70 and a 200 day moving average of $783.98. The company has a quick ratio of 0.84, a current ratio of 1.55 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $269.70 billion, a PE ratio of 35.91, a PEG ratio of 2.39 and a beta of 1.47.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ASML. Fairway Wealth LLC acquired a new position in ASML in the third quarter valued at $25,000. Kennebec Savings Bank lifted its position in ASML by 227.3% during the 4th quarter. Kennebec Savings Bank now owns 36 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 25 shares during the period. Milestone Investment Advisors LLC purchased a new stake in shares of ASML during the third quarter worth approximately $28,000. Fortitude Family Office LLC grew its position in ASML by 46.9% in the 3rd quarter. Fortitude Family Office LLC now owns 47 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 15 shares during the last quarter. Finally, Albion Financial Group UT increased its stake in ASML by 133.3% in the 4th quarter. Albion Financial Group UT now owns 56 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 32 shares during the period. 26.07% of the stock is owned by institutional investors and hedge funds.

About ASML

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.